Plan Snapshot
- Plan Sponsor: Carteret Surgical Associates, P.A. Dba Carolinas Center For Surgery
- Sponsor EIN: 561120277
- Sponsor Address: 306 MEDICAL PARK COURT, MOREHEAD CITY, NC, 28557
- Plan Type: 401(k)
- Total Participants: 46
- Total Assets: $14.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 46 | $14.6M | $557,616 | $260,156 |
| 2023 | 120 | $20.3M | $680,931 | $550,841 |
| 2022 | 114 | $16.7M | $741,077 | $546,634 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | $18,900 | — | $18,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,900
- Estimated Expense Ratio: 0.130% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $23,034 | — | — | $18,900 | — |
| 2023 | $12,005 | — | — | $10,577 | — |
| 2022 | $23,185 | — | $23,185 | — | — |